Malta’s Booming Real Estate Industry
Malta’s healthy economic landscape and investment opportunities are amongst the factors which contributed to the 6.6% GDP growth recorded during 2017. Malta is also home to various growing industries such as gaming, yachting, finance, shipping, tourism and pharma, amongst others. Moreover, Malta has also successfully positioned itself as an ideal jurisdiction for those investing within the real estate market.
As various individuals visit the island, whether for a relaxing holiday or for a more permanent stay, the demand for property extends from both rental to residential. Despite the several properties ranging from quaint farmhouses to luxury penthouses, finding your right property may not be as easy.
Whether you are looking towards investing within the Maltese real estate market or if you are seeking to find your perfect home by the sea, one must always keep in mind these four factors in order to make the most of Malta’s booming property market.
- Discover different investment opportunities
By investing in Malta, one is not only generating traditional gains but is also opening new doors to other investments as by buying a property in Malta, one is also a step closer towards attaining Maltese residency or citizenship. Maltese residency or citizenship means Schengen residency and European citizenship as well as the right to do business, live, work and study within the EU Member States. Moreover, by attaining a Maltese citizenship one is also obtaining access to high-quality healthcare services and educational opportunities for all the family.
- Explore New Government Schemes
During the 2019 Budget, the Maltese Government announced the implementation of a Real Estate Investment Trusts (REITs) framework which will trade on the Malta Stock Exchange (MSE). The REITs framework will open new opportunities to small investors seeking to purchase a property as an investment vehicle. Apart from providing the public with an innovative asset class which permits rental income, such framework will also create more liquidity. REITs are founded in such a way as to acquire real estate in order to manage and rent it as part of a property investment.
- Take Advantage of the Rising Property Values
As a result of its ever-growing demand, the value of the properties on the island is increasing exponentially. As reported by Knight Frank, investors have gained a 17% year-on-year increase in the value of their properties within Q2 of last year. Despite the 2008 financial crisis, Malta’s property market has stayed resilient and maintained its value.
- Taking Advantage of Buy-To-Let Investment Models
With the influx of foreign investment in Malta, the demand for rental opportunities has further increased. However, this trend is quite recent as locals normally do not rent for personal use. Notwithstanding this, most of the foreign individuals working within Malta’s growing industries have seen various investors looking towards the rental market.
